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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Stafford Springs, CT Housing Affordability Index

Stafford Springs, Connecticut has an MBR Housing Affordability Index score of 87.1 (Moderately Less Affordable) as of October 30, 2026, ranking 64th most affordable of 95 scored Connecticut cities, compared with 87.5 statewide and 97.4 nationally. On a median-priced $230,300 home with 20% down, the Connecticut average 30-year fixed rate of 7.25% means a monthly principal and interest payment of about $1,257, or 26% of the city’s $59,028 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Stafford Springs is updated every night from live Connecticut mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Stafford Springs MBR-HAI 87.1 Moderately Less Affordable
Rank in Connecticut 64 of 95 1 = most affordable
Connecticut 87.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.25% Connecticut lenders
Median home value $230,300 U.S. Census Bureau

Stafford Springs is 0.4 points below the Connecticut score. Scores as of October 30, 2026. See the Connecticut index

View Stafford Springs Mortgage Rates

See What You Can Afford in Stafford Springs, Connecticut

Use this Stafford Springs, Connecticut home affordability calculator to see how much house you can afford at today’s Connecticut average 30-year mortgage rate of 7.25%. A household earning the Stafford Springs median income of $59,028, with no other debts and $46,000 down, can afford a home of about $192,084, compared with a median home value of $230,300. Buying the median priced home with 20% down takes a household income of about $73,400 once property tax and insurance are counted.

Stafford Springs median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Connecticut average, 30-year fixed
Stafford Springs median bill (Census)
Estimate; use your quote
You can afford a home up to
$192,084
Below the Stafford Springs median home value of $230,300
Loan amount$146,084
Principal & interest$996/mo
Property tax$301/mo
Home insurance$80/mo
PMI$0/mo
Total monthly payment$1,377/mo
Compare Stafford Springs Mortgage Rates

How much house can you afford in Stafford Springs?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Stafford Springs, property taxes run about 1.88% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $2,773 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Stafford Springs

$1,257/mo
Principal & Interest
Median home, 20% down, 7.25%
$53,900
Income Needed
To keep principal and interest at 28% of income
$59,028
Median Household Income
Connecticut: $95,781
3.9x
Price-to-Income Ratio
Connecticut: 3.8x
$1,426/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,337/yr
Median Property Tax
1.88% of median value
37.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
42.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Stafford Springs, Connecticut. The rate is the Connecticut average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Stafford Springs Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Stafford Springs, Connecticut score: 87.1 (Moderately Less Affordable), ranked 64 of 95 Connecticut cities. monitorbankrates.com/housing-affordability-index/connecticut/stafford-springs”